Millionaires relocating to UAE 2025 continues to be a growing trend, as the United Arab Emirates strengthens its image as a top global destination for ultra-wealthy individuals. This migration is being driven by favourable tax policies, investor-friendly reforms, and long-term residency options such as the Golden Visa, according to a report by Gulf News.
As per the latest Henley & Partners Private Wealth Migration Report, at least 9,800 millionaires are expected to relocate to the UAE in 2025 alone. This highlights the UAE’s increasing allure to high-net-worth individuals (HNWIs) in search of economic stability and strategic advantages.
High-Profile Names Leading the Trend
Millionaires relocating to UAE 2025 include some of the most influential entrepreneurs and billionaires worldwide. Norwegian-born shipping tycoon John Fredriksen is one such example. Once based in the UK and formerly ranked as the UK’s ninth-richest person, Fredriksen has moved significant parts of his business operations to the UAE. His relocation follows the UK government’s decision to end the long-standing “non-dom” tax status, which had benefited wealthy residents.
Fredriksen, known for building one of the largest oil tanker fleets globally, symbolizes the wider wealth migration from Britain to the Gulf. His move underlines how global tax shifts are influencing the choices of ultra-wealthy individuals.
Billionaire Hedge Fund Manager Moves to Dubai
Continuing the pattern of millionaires relocating to UAE 2025, British billionaire and hedge fund veteran Michael Edward Platt has shifted his base to Dubai. Platt, co-founder of BlueCrest Capital Management, once managed over USD 35 billion at its peak. In June 2025, he moved both his primary residence and his family office to Dubai, marking an expansion that began in 2022 when BlueCrest received regulatory approval to operate in the region.
Younger Indian Tycoons Join the Migration
Another notable figure in millionaires relocating to UAE 2025 is Shravin Bharti Mittal, son of telecom magnate Sunil Bharti Mittal. Shravin, who heads Bharti Global Ltd and Unbound, a global tech investment firm, shifted operations to Abu Dhabi in April 2025. His move came in response to tightening tax regulations in the UK. Notably, the Bharti family holds the largest individual stake in British Telecom (BT Group Plc).
Tech Innovators and Entrepreneurs Also Flocking In
In the tech world, Pavel Durov, the founder of Telegram, is a prominent face among millionaires relocating to UAE 2025. Durov has lived in Dubai since 2017 after leaving Russia due to political pressures. He and his brother established Telegram’s global headquarters in the UAE. Now a UAE citizen, Durov has been named Dubai’s most powerful entrepreneur and was ranked 120th richest person in the world in 2024 by Forbes.
Middle Eastern Billionaires Solidify UAE as a Wealth Hub
Egypt’s richest man, Nassef Sawiris, has also joined the wave of millionaires relocating to UAE 2025. In late 2023, his family office, NNS Group, relocated to Abu Dhabi Global Market (ADGM). Sawiris owns a 30% stake in OCI NV, a major global fertilizer firm, and has shares in Adidas and LafargeHolcim. His move further reinforces Abu Dhabi’s role as a growing hub for elite financial operations and wealth management.
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Why UAE Is Attracting Millionaires in 2025
The primary factors fueling millionaires relocating to UAE 2025 include tax-free income, political neutrality, world-class infrastructure, and multiple residency options such as the Golden Visa program. Dubai and Abu Dhabi are rapidly transforming into new global centres of financial and entrepreneurial power.
The Gulf News report emphasizes that a combination of long-term investor-friendly laws, ease of doing business, lifestyle quality, and legal stability continues to make the UAE irresistible for the world’s top income earners. With millionaires relocating to UAE 2025 in record numbers, the country is poised to see not only financial inflows but also an increase in innovation, job creation, and global business visibility.
In conclusion, millionaires relocating to UAE 2025 represent more than just numbers—they are a testament to the UAE’s deliberate and strategic efforts to position itself as the future capital of global wealth and opportunity. With the ongoing influx of billionaires, hedge fund managers, and tech founders, the region is fast becoming the new epicentre of global affluence.